The new report by Expert Market Research titled, ‘Global Electric Motor Market Size, Share, Price, Trends, Report and Forecast 2020-2025′, gives an in-depth analysis of the global electric motor market, assessing the market based on its segments like types, voltage, rated power, magnet types, weight, speeds, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents –https://www.expertmarketresearch.com/reports/electric-motors-market/requestsample
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
The key highlights of the report include
Market Overview (2015-2025)
- Historical Market Size (2019): USD 102 billion
- Forecast CAGR (2020-2025): 4%
The growing industrialisation and increasing automation across industries have propelled the growth of the global electric motor market. With the rising population, a drive towards reducing carbon emissions and conserving energy by the governments across the globe has rapidly gained pace. Governments are encouraging potential customers to buy electric vehicles, providing further impetus to the market growth. A rise in disposable incomes of people has allowed potential customers to increase their purchasing power. Increased electrification and the rapid growth of the automotive industry, aided by a rise in demand for vehicles, is expected to drive the global electric motor market growth.
Read Full Report with Table of Contents –https://www.expertmarketresearch.com/reports/electric-motors-market
Industry Definition and Major Segments
Electric motors operate on the principles of electromagnetism, that is, converting electrical energy into mechanical energy. They find their application across diverse sectors because of the favourable characteristics like durability, low energy consumption, high efficiency, and low maintenance costs. They also have high endurance for fluctuating voltages.
The types of the electric motor include:
- AC Motor
- Induction AC Motors
- Synchronous AC Motor
- DC Motor
- Brushed DC Motor
- Brushless DC Motor
AC electric motor type dominates the market.
The segments based on rated power are:
- Fractional Horsepower Motors
- Fractional Horsepower (< 1/8) Motors
- Fractional Horsepower (1/8 – 1/2) Motors
- Fractional Horsepower (1/2 – 1) Motors
- Integral Horsepower Motors
- Integral Horsepower (1 – 5) Motors
- Integral Horsepower (10 – 50) Motors
- Integral Horsepower (50 – 100) Motors
- Integral Horsepower (>100) Motors
The fractional horsepower output segment accounted for the majority of the share.
Based on magnet type, the industry is divided into:
- Neodymium (NdFeB)
- Samarium Cobalt (SmCo5 and Sm2Co17)
The industry is fragmented on the basis of weight as follows:
- Low Weight
- Medium Weight
- High Weight
The low weight segment is the key demand contributor.
By speed, the industry is categorised into:
- Ultra-High Speed
- High Speed
- Medium Speed
- Low Speed
The industry finds wide applications in the following:
- Industrial Machinery
- Household Appliances
- Motor Vehicles
Motor vehicles are the most prominent application segment.
The Asia Pacific is the largest automotive electric motor market. Other regions include:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Emerging nations like China and India have provided impetus to the global electric motor market growth. With an increase in demand in these countries, the Asia Pacific accounted for a majority market share in the electric motor market in 2018. The market in these regions was aided by a shift towards energy-efficient motors. The rising demand for infrastructural development in these countries has also propelled the market growth. The expansion of the automotive industry and rapid technological advancements are the major driving forces of market growth. Industry efficiency standards set by governments across the globe have forced an increase in the usage of energy-efficient motors, thus, driving the market forward.
Key Market Players
The major players in the market are ABB Limited (SWX: ABBN), Siemens AG (ETR: SIE), Nidec Corporation (TYO: 6594), WEG S.A. (BVMF: WEGE3), and Regal Beloit Corporation (NYSE: RBC), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
POS Machines Market: https://www.expertmarketresearch.com/reports/pos-machines-market
Portable Media Players Market: https://www.expertmarketresearch.com/reports/portable-media-players-market
India Electric Motor Market: https://www.expertmarketresearch.com/reports/india-electric-motor-market
Induction Motor Market: https://www.expertmarketresearch.com/reports/induction-motor-market
Saudi Arabia Low Voltage Electric Motor Market: https://www.expertmarketresearch.com/reports/saudi-arabia-low-voltage-electric-motor-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Company Name: Expert Market Research
Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1 (650) 761-6200 | +44 7441 392205
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Country: United States